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unless i'm missing senator reid here. it looks like he might still be in the building at this point. >> the republicans have left the building pretty much. >> reporter: that's right. >> leaving the democrats to talk about this. so it doesn't look that great. stay right there. let's talk about this with some market pros, morgan lander and stephen nicholas is with us, ed moy and rick lake was with us earlier. chad morgan lander, what do you do? investors are watching all of this, they want some direction and they want to get ready for 2030 and the nonsense continues in washington. >> well, the market is going to get sloppy over the next two weeks until they get a resolution, and you should fully expect that they will get a resolution, and it will be just a short-term resolution. once you get, that the market will then snap back, so we're expecting between a 5% and 7% correction within the market until that time comes, but do you want to layer in risk. you want to be buying good quality companies at this point in time as the
unless i'm missing senator reid here. it looks like he might still be in the building at this point. >> the republicans have left the building pretty much. >> reporter: that's right. >> leaving the democrats to talk about this. so it doesn't look that great. stay right there. let's talk about this with some market pros, morgan lander and stephen nicholas is with us, ed moy and rick lake was with us earlier. chad morgan lander, what do you do? investors are watching all of...
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Dec 27, 2012
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thanks a lot, harry reid. with today's losses we have wiped out december's gains on the stock market. today, also by the way, takes the very dubious prize of being the worst day of december for all three averages and the worst day since november the 14th. we are now down on the stock market for the fourth day in a row and the vix, guys, is jumping. let's get straight down to the trading store and find out the buzz. seema modi is manning the nas desk. >> a deal to avoid the fiscal cliff thought it was a certainty at the beginning of the month. today not so much. senator reid's comments and a dismal report triggering a selloff that a lot of pessimists had expected sooner than today because they didn't think the deal on the cliff would be done. the dow dropping below 13,000 for the first time today sings the beginning of this month. now negative as well for the month of december. trading at a three-week low with all 30 of the dow components in negative territory. with the dow below 13,000 the s&p is notching up i
thanks a lot, harry reid. with today's losses we have wiped out december's gains on the stock market. today, also by the way, takes the very dubious prize of being the worst day of december for all three averages and the worst day since november the 14th. we are now down on the stock market for the fourth day in a row and the vix, guys, is jumping. let's get straight down to the trading store and find out the buzz. seema modi is manning the nas desk. >> a deal to avoid the fiscal cliff...
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Dec 28, 2012
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senate majority leader harry reid thinks we are. there's two problems, one is is that procedurally and process wise we're running out of time practically to do something here depending on what comes out of this 3:00 meeting. it's the problem we've been facing for two years in washington, they don't agree on how to fix this thing. >> on very core principles. >> you're right. nobody wants to give up their long-held beliefs on this. >> manu, i do this a lot. we have a democrat on and i say, listen, if you got everything you wanted. if they were willing to raise taxes on everybody in their mother that you wanted, would you do any kind of entitlement reform? would you means test medicare for millions arsz and billionaires? the answer is no. i turn tow republicans. listen, if they had an epiphany, representative ryan is right, we should turn medicare to a vou voucher system, would you raise taxes on anybody? what's going to be different in the new year? it seems like we're going over the cliff because nobody wants to budge. >> i think it'
senate majority leader harry reid thinks we are. there's two problems, one is is that procedurally and process wise we're running out of time practically to do something here depending on what comes out of this 3:00 meeting. it's the problem we've been facing for two years in washington, they don't agree on how to fix this thing. >> on very core principles. >> you're right. nobody wants to give up their long-held beliefs on this. >> manu, i do this a lot. we have a democrat on...
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Dec 27, 2012
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senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who haven't been following this kind of thing and raises the stakes for the fiscal cliff end game because the white house had wanted a debt ceiling deal as part of the overall deal here on the fiscal cliff. republicans have bee
senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his...
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Dec 28, 2012
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. >> well, harry reid says he is the reason there is no deal on the fiscal cliff. we're going to ask grover norquist himself if there's any room for compromise when he joins us live. you've got to stay with us right here on the "closing bell." we're now down 133 points on the dow. [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix
. >> well, harry reid says he is the reason there is no deal on the fiscal cliff. we're going to ask grover norquist himself if there's any room for compromise when he joins us live. you've got to stay with us right here on the "closing bell." we're now down 133 points on the dow. [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male...
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Dec 27, 2012
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harry reiry reid says the u.s. probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> coming up, we'll see how correct or in correct our predictions were for this year. we'll check in on commodities. we've also got
harry reiry reid says the u.s. probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello?...
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that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get h
that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate....
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senator harry reid came out and spoke to reporters on capitol hill telling them that the next 24 hours here are going to be crucial. that would imply to me that there's something in the mix on the senate side on the fiscal cliff negotiations. what that is, we'll have to find out from the president perhaps at 5:45. >> okay, we'll go back to you for that. thanks so much for keeping us updated. the question at this point is, what impact could going over the cliff have on the u.s.'s credit rating. let's bring in sean egan from egan-jones, he's on the phone tonight. if we go over the cliff, i'm assuming the credit rating agencies, other than yours, the others ones, there's a certain amount of time during which they can review the ratings and then decide. it's not an automatic thing. >> that is correct. the first step is to put it under review. then there will be an assessment of how badly we go over the cliff and also whether there will be any reform on titlements. the deficit has been improving. the federal deficit has improved over the last couple quarters. >> so is it the case that perha
senator harry reid came out and spoke to reporters on capitol hill telling them that the next 24 hours here are going to be crucial. that would imply to me that there's something in the mix on the senate side on the fiscal cliff negotiations. what that is, we'll have to find out from the president perhaps at 5:45. >> okay, we'll go back to you for that. thanks so much for keeping us updated. the question at this point is, what impact could going over the cliff have on the u.s.'s credit...
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Dec 28, 2012
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where we are awaiting boehner, pelosi, reid, mcconnell. all the major players to go into the white house, meet with the president, try to get a fiscal deal done. that meeting, 3:00 p.m. eastern time, in other words, in about eight minutes from now. any headline that comes out of it, you will hear first right here on the worldwide leader in business news. all right. let's forget theory for a moment and find out how the cliff may impact real businesses right here in america, so let's reconvene our "street signs" small business all-star panel. joining us president and owner of maria's italian kitchen and a new face to cnbc, david martin from h.j. martin & son in green bay who i met when i walked into his family store this summer and got a tour of the place. david, thank you very much for joining us. madeline, first, are you worried? are you customers going to stop eating at maria's if we go over the fiscal cliff? >> i don't know, brian. i've got my parachute packed. how about you? >> pasta parachute? that's terrible, sorry. >> full of lots of
where we are awaiting boehner, pelosi, reid, mcconnell. all the major players to go into the white house, meet with the president, try to get a fiscal deal done. that meeting, 3:00 p.m. eastern time, in other words, in about eight minutes from now. any headline that comes out of it, you will hear first right here on the worldwide leader in business news. all right. let's forget theory for a moment and find out how the cliff may impact real businesses right here in america, so let's reconvene...
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senators reid and mcconnell talking past each other. sounds like we're not exactly close to a fiscal cliff resolution at this point. >> yeah. what does it all mean for wall street? will it be an ugly day? michael guyette from pension partners and michael farr from farr miller in washington and our very own rick santelli. michael, i'll get to you in a minute. the markets moved up and closed marginally in the red on the news the house will reconvene on sunday night. i get the feeling that all of that back and forth between senators reid and mcconnell, had that come out during market hours, the market would have reacted very differently. so far apart. i didn't hear anything in the way of compromise there. >> even before of the house meeting, marks were down 1.2%. that's noise but not really a panic. the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather liste
senators reid and mcconnell talking past each other. sounds like we're not exactly close to a fiscal cliff resolution at this point. >> yeah. what does it all mean for wall street? will it be an ugly day? michael guyette from pension partners and michael farr from farr miller in washington and our very own rick santelli. michael, i'll get to you in a minute. the markets moved up and closed marginally in the red on the news the house will reconvene on sunday night. i get the feeling that...
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tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax threshold. 250. i wouldn't be surprised if they went to him with a higher number. u.n. extension, doc fix and the umt with the sequester and that would be it. >> jimmy p., what do you think? will we have a deal on monday and is it going to be enough? >> i think we will have a deal. one big difference now than maybe a couple of weeks, three weeks ago is a lot of republicans believe that eventually they really believe that the president would cave and they would cave again just like they did in 2010 that if he's so worried about a second recession would just smear his second term and he would cave. if you saw the president today in the news conference, he did not look like a guy about to cave to me. he's not going cave. this deal will go through. >> what's it going to be. >> will
tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax threshold. 250. i wouldn't be surprised if they went to him with a higher number. u.n. extension, doc fix and the umt with the sequester and that would be it. >> jimmy p., what do you think? will we have a...
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some people will like it less, but that's where we are. >> reporter: up until now, reid and mcconnell have kind of been sitting on the sidelines as the president and speaker boehner tried but failed to come up with a deal. and it's kind of fitting that they're swooping in now at the last minute. that's exactly what they did during the debt crisis last summer, and the legislation they came up with, jeff, contributed to the fiscal cliff that we're facing right now. >> glor: the president says this just keeps happening again and again. nancy cordes, thank you. income taxes won't be the only taxes going up, if there's no agreement. estate taxes paid by those who inherit property will also jump. here's john blackstone. >> reporter: jeff page owns 120-acre vineyard in california's napa vail vale but when his great-grandfather started farming here in the late 1800s, this was cattle country. >> both sides of the family came in before the turn of the century, and farmed orchard fruit and cattle. >> reporter: but much of the land she grew up on is gone, sold to pay estate taxes after his grandf
some people will like it less, but that's where we are. >> reporter: up until now, reid and mcconnell have kind of been sitting on the sidelines as the president and speaker boehner tried but failed to come up with a deal. and it's kind of fitting that they're swooping in now at the last minute. that's exactly what they did during the debt crisis last summer, and the legislation they came up with, jeff, contributed to the fiscal cliff that we're facing right now. >> glor: the...
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the comment from harry reid you referred to. he said it looked like we'd go over the cliff early on, but we've had so many conflicting events. here's mitch mcconnell, here's what he's having to say. >> it's harry reid i'm told. >> as soon as the votes are over and start debating those amendments tonight. we would really like to get as many, much of that debate out of the night tonight as possible so we can start voting at a reasonably early time tomorrow. the debate today has been stimulating and very thorough and good and we hope,ation understand it, there are three amendments we'll vote on tonight. that will still leave senator wyden's amendment that we'll worry about taking care of that tomorrow sometime. madam president, i ask unanimous consent that at 5:30 any remaining debate time on the amendments be yield back and the senate will vote on the penny amendments, that there be two minutes divided equally between all votes and all shall be ten minutes. >> procedural that they are doing right now. gotten indications that maybe
the comment from harry reid you referred to. he said it looked like we'd go over the cliff early on, but we've had so many conflicting events. here's mitch mcconnell, here's what he's having to say. >> it's harry reid i'm told. >> as soon as the votes are over and start debating those amendments tonight. we would really like to get as many, much of that debate out of the night tonight as possible so we can start voting at a reasonably early time tomorrow. the debate today has been...
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senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that they can consider for a vote. there has been no indication from the white house or the republican leadership that they are anywhere near any kind of makings of a deal that they could present to the house republican leadership -- or the house republican rank-and-file who so far have been adamantly opposed to tax increases at any level of income, which is an absolute prerequisite for president obama. if they do not come to some kind of agreement, but that tax to be voted on -- and there is doubt that it is logistically possible before new year's day -- then the most immediate impact would be the l
senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that...
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plan b, clancy, -- plan c, and now he is seated negotiants to harry reid. -- negotiations to harry reid. it is certainly possible that he may have trouble getting reelected as speaker. he may get 20 or so to party boats to vote against them or not vote at all. i could stop him from being reelected. host: what are the pitfalls for harry reid and mitch mcconnell? guest: mcconnell is up for reelection in 2014. if he agrees with the white house on something, particularly tax increases, it will hurt him in his election. remember rand paul -- mcconnell has less room to maneuver. for harry reid, a lot of his reputation is on the line. can he put something on the floor of the senate that some democrats will support? guest: the biggest loser is the unemployed and those trying to get jobs. that is what this is about. really, people need to step back and realize, while we are concerned about deficits, it is because it is a concern about the economy. there are different prescriptions for the economy at different times. allowing this recovery to slow down, even as it has already been anemic, would b
plan b, clancy, -- plan c, and now he is seated negotiants to harry reid. -- negotiations to harry reid. it is certainly possible that he may have trouble getting reelected as speaker. he may get 20 or so to party boats to vote against them or not vote at all. i could stop him from being reelected. host: what are the pitfalls for harry reid and mitch mcconnell? guest: mcconnell is up for reelection in 2014. if he agrees with the white house on something, particularly tax increases, it will hurt...
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harry reid said that it would not be taken up, the president said he would veto it. >> did everyone see e movie "lincoln?" the wheeling and dealing that had to be done? >> also a lame duck sesession. >> in those days, you could punish people. i'm going to take away the bridge, you are not going to get that school, library.. >> the roles of the road have changed. >> nobody wants to bring home the bacon any y more. >> there is a decrease in corruption and it has been truly harmful to the nation's business. >> let us remember that during the crash of 2007, 28, in t end, it was the democrats under nancy pelosi who buildout president sh. it was the republican cretary of treasury who got down on hisis knees becaushe needed her to bring homehe votes. she was able to o do that. >> you are right. abolishh bribery in the house and it grinds to a halt. see? >> 26 people >> since friday morning, a police officer wasunned down in memphis, leaving four children about their mother. two officers were killed outsidide of a grocery store in topeka. woman was shot and killed inside of a lasegas casino. th
harry reid said that it would not be taken up, the president said he would veto it. >> did everyone see e movie "lincoln?" the wheeling and dealing that had to be done? >> also a lame duck sesession. >> in those days, you could punish people. i'm going to take away the bridge, you are not going to get that school, library.. >> the roles of the road have changed. >> nobody wants to bring home the bacon any y more. >> there is a decrease in corruption...
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and these idiots from harry reid to the president on top and john boehner included, i'm equal opportunity, it's horrible. >> we heard the same thing at the end of 2011 europe would spill to theist and the u.s. consumer was changing their habits. i'd like to point out the discretionary consumer is the second best in the market this year, 21%. any whoever made a bet against the u.s. consumer -- >> what kind of pullback are we talking about? if you guys like the market through the early part of 2013 -- >> i don't like it in january, judge, for what i just mentioned because we will see tax laws selling. we have not seen. we have seen gains selling, people taking gains. when they start taking these loss and when all the rest of this stuff kicks in, that's when i worry these guys will make an even worse deal in panic in january. >> let's go to our guests. what is the best way to protect your money with the cliff deadline a few days away, jason pride, director of glenn me. how are you doing? how do you perceive the markets with a couple days of trade iin left? >> i kind of agree with the conster
and these idiots from harry reid to the president on top and john boehner included, i'm equal opportunity, it's horrible. >> we heard the same thing at the end of 2011 europe would spill to theist and the u.s. consumer was changing their habits. i'd like to point out the discretionary consumer is the second best in the market this year, 21%. any whoever made a bet against the u.s. consumer -- >> what kind of pullback are we talking about? if you guys like the market through the...
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>> i did. >> did you see harry reid? >> there's no chance of -- >> but if you think -- i want to rise above. there was so little of anything close to that yesterday other than just the -- i mean, people at home must be like, it's the endless blaming and finger pointing and, you know, when one side says it's all the other side's fault and all the other side comes on and says people at home aren't going, wow, i believe you, harry. or i believe i, mitch. they're saying you're both losers, right? >> right. >> my real concern is this is what the current version of america actually voted for. >> the house is different. all politics is local. harry reid, you know which interest he satisfies. >> they're not that far apart. if you look at the negotiating positions, they're not -- >> they're emotionally far apart. >> for that bigger deal. >> so, really, the numbers aren't that different. you would think with even a small amount of good will they could find -- >> i'll tell you, listening to harry reid, it was once again the only pe
>> i did. >> did you see harry reid? >> there's no chance of -- >> but if you think -- i want to rise above. there was so little of anything close to that yesterday other than just the -- i mean, people at home must be like, it's the endless blaming and finger pointing and, you know, when one side says it's all the other side's fault and all the other side comes on and says people at home aren't going, wow, i believe you, harry. or i believe i, mitch. they're saying...
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and i have asked senator reid to do. this put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> joining us now from capitol hill. south dakota republican senator john thune, a member of the budget committee. so, senator, what do you make of the president's plan? >> i'm just glad the president is engaged. you can't do big things in washington, d.c. without presidential leadership. that's what we haven't had. the fact that he is now owe table. better late than never i would argue. at least he is at the table presenting something that will give us a chance hopefully to get some bipartisan support in the senate and perhaps get something to the house that will avert what everybody agrees is a major economic disaster. but we're still waiting for the details and obviously there is a long ways to go
and i have asked senator reid to do. this put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> joining us now from capitol hill. south dakota republican senator john thune, a member of the budget committee. so, senator, what do you make of the president's...
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that was a very personal shot from harry reid. is it accurate to say, open question, that speaker boehner is worried about staying speaker? >> yes. he's definitely -- i think he's not worried about his election on january 3rd, but that's not the end of it. you know, i think he's worried about his speakership every day he's speaker -- >> do you agree with that, he's worried he may be losing out or being thrown out of the speakership by his own party? >> for sure. he spent the first two years of his speakership looking over his shoulder as the camera shows of eric cantor right behind him ready -- sgroo but cantor is with him now, isn't he? hasn't his number two guy joined him? >> he's his number two guy and supporter but he's the spiritual leader of the tea party caucus there and that's the groo up that seems to be calling the shots right now in the house of representatives. >> let's talk about the republican party. let's try to be really analytical here. you know, to me two things happen in every election. one, somebody wins, someb
that was a very personal shot from harry reid. is it accurate to say, open question, that speaker boehner is worried about staying speaker? >> yes. he's definitely -- i think he's not worried about his election on january 3rd, but that's not the end of it. you know, i think he's worried about his speakership every day he's speaker -- >> do you agree with that, he's worried he may be losing out or being thrown out of the speakership by his own party? >> for sure. he spent the...
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Dec 28, 2012
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senator reid has already said hopes of a deal are fading quickly. just two trading days left until the cliff. and it's not just the fiscal cliff. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've
senator reid has already said hopes of a deal are fading quickly. just two trading days left until the cliff. and it's not just the fiscal cliff. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact...
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Dec 26, 2012
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who does harry reid have to negotiate with them? where does he go? >> the president and harry reid can only negotiate so much. >> the question becomes if they can get a bill for 250 and below perhaps with the unemployment insurance attached to it, maybe put in sweetener with the estate tax, could they guarantee that would pass the house of representatives? from the statement we do not know that. >> jared, last week it was speaker boehner himself who could not get his own bill passed, the plan "b." and yet here he is trying to put it back on democrats and the president to get the bill passed making it clear they're not prepared to come back to washington and do anything to avoid the fiscal cliff. what do you think's going to happen? >> well, i thought luke took us eloquently through all the scenarios. but to me this is all simple. it really comes down to this. is john boehner willing to introduce a compromise plan in the house of the type the president offered before he left? extend the tax cuts only for the 250 and below. you kick the sequester down
who does harry reid have to negotiate with them? where does he go? >> the president and harry reid can only negotiate so much. >> the question becomes if they can get a bill for 250 and below perhaps with the unemployment insurance attached to it, maybe put in sweetener with the estate tax, could they guarantee that would pass the house of representatives? from the statement we do not know that. >> jared, last week it was speaker boehner himself who could not get his own bill...
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Dec 23, 2012
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to do that on something that would be symbolic, harry reid saying it would not be taken up in the senate, the president said he would veto it, i think that was a bridge too far. >> did everyone sethe abraham ncol movie, the wheeling and dealing that had to be done? >> and it was done in a lame- duck session. >> in the good old days, some of us remember, you could punish people. i am taking away the bridge, you are not going to get that school or library. nobody wants to bring home the bacon anymore. >> let us remember -- >> the decrease in corruption has truly been harmful to the nation. you cannot get business done. >> lets rememberhat during the crash of 2007, 2008, in the end, it was the democrats under nancy pelosi who bailed out president bush. it was the republican secretary of the treasury who literally got down on his knees to hurt because he needed her to bring home the vote. she was able to do that. >> abolish bribery in the house and it grinds to a halt. >> see? ok. 26 people dead in a connecticut elementary school. what to do about guns. >> since friday morning, a police offi
to do that on something that would be symbolic, harry reid saying it would not be taken up in the senate, the president said he would veto it, i think that was a bridge too far. >> did everyone sethe abraham ncol movie, the wheeling and dealing that had to be done? >> and it was done in a lame- duck session. >> in the good old days, some of us remember, you could punish people. i am taking away the bridge, you are not going to get that school or library. nobody wants to bring...
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Dec 30, 2012
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a few marines i have served with reid says because it is a very visual book and has more perspective and the people in my family are rarely mentioned because it is about what i see and i try to let "the reader" watch with my eyes and hopefully those are the things that they know it is their river and what they know and that is what makes the book talk to the bigger things that it talks to the military experience because my marines patrol the same road by looking at different things. their story of the same walk would be fascinating to me because we look at what fascinates us. a strange answer to your important question. [laughter] but it does explain the untested child and unearned confidence to be fascinated with uncertainty and sometimes with that may lead to. >> because it is not the nature of a soldier or marine to complain or state anything publicly to get them in trouble, we have a public health crisis with the gse and it needs to be acknowledged by a car leaders. there is a huge backlog at the veterans hospital and around the country. generally speaking to people try to do is
a few marines i have served with reid says because it is a very visual book and has more perspective and the people in my family are rarely mentioned because it is about what i see and i try to let "the reader" watch with my eyes and hopefully those are the things that they know it is their river and what they know and that is what makes the book talk to the bigger things that it talks to the military experience because my marines patrol the same road by looking at different things....
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Dec 30, 2012
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harry reid has been meeting with his caucus. republicans have been meeting on their side and the senate should be coming back in this afternoon as well. what would you give up in the fiscal cliff negotiations? let's go first to bridgeport, connecticut. thanks for waiting. >> i was thinking the republicans should drop the cpi issue that they have been discussing. it seems to me that they're working on getting it worked our for the estate tax. >> the chain on the consumer price index was a point of contention raised on the house floor. the reporting from politico earlier about the loggerheads' this afternoon, they say that the provision would result in lower payments for social security beneficiaries. boston, the independent go ahead. >> most companies in the u.s. are now headquartered in toronto. they make their profit in bermuda. we're spending 47 cents on the dollar on the deficit. we will have to do like canada and put a tax on gasoline. what is your opinion? what should we do to fulfill the debt and our obligation? >> what is
harry reid has been meeting with his caucus. republicans have been meeting on their side and the senate should be coming back in this afternoon as well. what would you give up in the fiscal cliff negotiations? let's go first to bridgeport, connecticut. thanks for waiting. >> i was thinking the republicans should drop the cpi issue that they have been discussing. it seems to me that they're working on getting it worked our for the estate tax. >> the chain on the consumer price index...
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Dec 29, 2012
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senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town, we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle-class families don't go up. that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> all of this still developing. and we will have more on all of it with mark shields and david brooks later in the program. >> also ahead >> warner: also ahead, between now and then; protesting a gang rape in india; mass producing high quality education
senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town, we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a...
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. >> harris: a spokesman for john boehner fired back "senator reid should talk less and legislate more." and senate minority leader mcconnell saying we should have worked all this out months ago. >> and republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> harris: tonight, that is exactly where we stand. at the edge of a cliff throwing blame for how you we got here. a lot of finger pointing and no answers as i said and just days remaining until tax increases and spending cuts all kick in and we all feel the pain. mike emanuel live with the news for us tonight on capitol hill. top democrats seem to be suggesting they cannot cut a deal without republican help. >> well, harris, that is right. and so they are asking what it will take to at least get some republican support. they say time is so critical. they cannot just roll out new legislation only to have the republicans reject it. we know president obama called the top four congressional leaders last night on his way back from hawaii. tomorrow
. >> harris: a spokesman for john boehner fired back "senator reid should talk less and legislate more." and senate minority leader mcconnell saying we should have worked all this out months ago. >> and republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> harris: tonight, that is exactly where we stand. at the edge of a cliff throwing blame for how you we got here. a lot...
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that would be senate majority leader harry reid. seemed kind of irritated that house republicans and all house members are not here in washington trying to work out a deal on the fiscal cliff. here is more from leader reid a short time ago. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they will give them 8 hours notice. i can't imagine their consciences. >> reporter: of course president obama has left hawaii. he is heading back to washington from his family vacation. we learned from the white house that the president had made calls to the top four congressional leaders mcconnell and boehner on the republican side, pelosi and reid on the democratic side. we'll see what the president has in mind when he touches down back in washington a little later this morning, harris. harris: mike you mentioned it. i'm mentioning it too. it is coming into the
that would be senate majority leader harry reid. seemed kind of irritated that house republicans and all house members are not here in washington trying to work out a deal on the fiscal cliff. here is more from leader reid a short time ago. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they will give...
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senator reid himself said that they did not discuss that. and it seems to be that that is an indication, at least to republicans here on capitol hill, that it is the president's move next to make more clear what jessica is talking about. that the president has said publicly, he wants to do as kind of that stopgap, scaled down version. in fact, mitch mcconnell himself said in the hallway, just moments ago, that he does expect to go to the white house, as jessica just alluded to. he expects to do that tomorrow. they haven't gotten a formal invitation tomorrow. there's no time set for this meeting tomorrow, but mitch mcconnell says he does expect to go. and so that really does speak to the next move, tomorrow. >> well, that is good news. that is good news, senator mcconnell going to the white house tomorrow, hopefully. but i'm going to ask you about the house of representatives, dana. right now they've been called back to washington, not until sunday, december 30th. now, 48 hours before the fiscal cliff goes over, is that really enough time to
senator reid himself said that they did not discuss that. and it seems to be that that is an indication, at least to republicans here on capitol hill, that it is the president's move next to make more clear what jessica is talking about. that the president has said publicly, he wants to do as kind of that stopgap, scaled down version. in fact, mitch mcconnell himself said in the hallway, just moments ago, that he does expect to go to the white house, as jessica just alluded to. he expects to do...
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i have asked senator reid to do this. put a bill on the floor of that make sure taxes on the middle class does not go up, that unemployment insurance is available for 2 million people, and it lays the groundwork for additional deficit reduction. let us not miss this deadline. that is the bare minimum we should be able to get done. it should not be hard since democrats and republicans say they do not want to see taxes go up on middle-class families. i have to repeat -- outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks do their jobs. they meet deadlines. they sit down and they discuss things and then things happen. if there are disagreements, they sort through them. the notion that our elected leadership cannot do the same thing is mind-boggling to them. it needs to stop. i am modestly optimistic that an agreement can be achieved. no one will get 100% of what they want. let us make sure that middle- class families in the economy are not adversely i
i have asked senator reid to do this. put a bill on the floor of that make sure taxes on the middle class does not go up, that unemployment insurance is available for 2 million people, and it lays the groundwork for additional deficit reduction. let us not miss this deadline. that is the bare minimum we should be able to get done. it should not be hard since democrats and republicans say they do not want to see taxes go up on middle-class families. i have to repeat -- outside of washington,...
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senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate i expect a bill to go on the floor. and i've asked senator reid to do this put a bill on the floor that makes sure that taxes on middle-class families don't go up. that unemployment insurance is still available for 2 million people and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> all of this still developing. and we will have more on all of it with mark shields and david brooks later in the program. >> also ahead >> warner: also ahead, between now and then; protesting a gang rape in india; mass producing high quality education and
senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate i expect a bill...
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a spokesperson for senator reid is saying "nothing to report. no conversations with republicans let." the spokesperson says "no outreach from any democrats. we are waiting on senate democrats." it looks right now that the cliff remains inside. lori: i heard you talking to dennis kneale earlier. the house generally has to post something for three days. realistically, right, everyone will come back tomorrow, they probably will not have anything by friday. peter: if they do something by friday, the house could vote on something by monday, new year's eve. the weekend could count. absolutely. they can actually do whatever they want. they can vote to waive the rules. yes, they have this three-day rule for making sure all members can read any legislation, any proposal that comes over from the senate. under the constitution, the house sets its own rules. lori: these goucher should have centered on tax policy. what is the likelihood plan from senator reed. >> $100 billion. we are waiting on senator reed. he has said that the senate legislation passed bac
a spokesperson for senator reid is saying "nothing to report. no conversations with republicans let." the spokesperson says "no outreach from any democrats. we are waiting on senate democrats." it looks right now that the cliff remains inside. lori: i heard you talking to dennis kneale earlier. the house generally has to post something for three days. realistically, right, everyone will come back tomorrow, they probably will not have anything by friday. peter: if they do...
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Dec 27, 2012
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and have to address spending now. >> when you read his moats, the -- outline that he sends to harry reid, he says the government is spending $100 billion more per month than what it brings in. i mean, it is really incredible. what does this mean for the fiscal cliff discussions? >> well, i don't think it really means a whole lot. i think it is -- sort of the white house's way, treasurer's way, of putting extra pressure on the people in the building behind us. by the way, none of them are there. i'm not sure that's really going to work, frankly. and -- i -- john, our colleague john harwood is exactly right. this is not a surprise. we knew this was coming. the question that it is, you know, three days -- thee business days, as you say before, the actual deadline itself, that's disconcerting. but -- again, it is not surprising. i don't think it has any -- will peak the negotiations at all, frankly. not at all. >> what about the secretary's use of this phrase -- the country would otherwise default on its legal obligations. i think he purposefully use this phrase default to confuse the public
and have to address spending now. >> when you read his moats, the -- outline that he sends to harry reid, he says the government is spending $100 billion more per month than what it brings in. i mean, it is really incredible. what does this mean for the fiscal cliff discussions? >> well, i don't think it really means a whole lot. i think it is -- sort of the white house's way, treasurer's way, of putting extra pressure on the people in the building behind us. by the way, none of...
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both sides need to come together again, it's on president obama, harry reid and the tea party. >> jamie: let's get michael in here. michael, at this point what can the president do? he's on vacation and the american people are wondering, they're selling off houses, selling off stock. they don't know what next year looks like. >> in the interest of communication, not where the president is at christmas, but speaker boehner basically asked harry reid to figure out how to get a package that he can get 100 republican votes in the house of representatives on and harry reid is very good at figuring out the compromise that angela just talked about. i completely agree with angela's point, that the tea party has the speaker held hostage. a half dozen members or so, under no circumstances can we vote for taxes even on people over a million dollars, so i predict that we probably get over the cliff and that allows republicans to say, well, i only voted to cut taxes for 99%. i hope they get it done the second after it enacts so people don't feel it in their pocket books as they go into the new year.
both sides need to come together again, it's on president obama, harry reid and the tea party. >> jamie: let's get michael in here. michael, at this point what can the president do? he's on vacation and the american people are wondering, they're selling off houses, selling off stock. they don't know what next year looks like. >> in the interest of communication, not where the president is at christmas, but speaker boehner basically asked harry reid to figure out how to get a package...
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extremist killers at the end of two thousand and one a british islamic fundamentalist named richard reid tried to take down an american airlines flight headed to miami by igniting a bomb hidden in his shoe he failed no one died but extreme measures were immediately put into place at the airports around the nation forcing us to take off our shoes before we could board an airplane and more than a decade later we still had to take off our shoes at the airport and two thousand and six british police claim they foiled a terror plot aimed at ten drones atlantic flights headed to the united states in which liquid explosives were to be used never happened no one died but again extreme security measures were taken to ban all liquids and gels over three ounces to being carried beyond the security checkpoint at the airport that ban is still in place in two thousand and nine and alleged nigerian islamist tried to blow up a northwest airlines flight headed to the right by lighting his underwear on fire he failed no one died but in another hysterical and expensive response we spent billions on chertof
extremist killers at the end of two thousand and one a british islamic fundamentalist named richard reid tried to take down an american airlines flight headed to miami by igniting a bomb hidden in his shoe he failed no one died but extreme measures were immediately put into place at the airports around the nation forcing us to take off our shoes before we could board an airplane and more than a decade later we still had to take off our shoes at the airport and two thousand and six british...
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plan b, clancy, -- plan c, and now he is seated negotiants to harry reid. -- negotiations to harry reid. it is certainly possible that he may have trouble getting reelected as speaker. he may get 20 or so to party boats to vote against them or not vote at all. i could stop him from being reelected. host: what are the pitfalls for harry reid and mitch mcconnell? guest: mcconnell is up for reelection in 2014. if he agrees with the white house on something, particularly tax increases, it will hurt him in his election. remember rand paul -- mcconnell has less room to maneuver. for harry reid, a lot of his reputation is on the line. can he put something on the floor of the senate that some democrats will support? guest: the biggest loser is the unemployed and those trying to get jobs. that is what this is about. really, people need to step back and realize, while we are concerned about deficits, it is because it is a concern about the economy. there are different prescriptions for the economy at different times. allowing this recovery to slow down, even as it has already been anemic, would b
plan b, clancy, -- plan c, and now he is seated negotiants to harry reid. -- negotiations to harry reid. it is certainly possible that he may have trouble getting reelected as speaker. he may get 20 or so to party boats to vote against them or not vote at all. i could stop him from being reelected. host: what are the pitfalls for harry reid and mitch mcconnell? guest: mcconnell is up for reelection in 2014. if he agrees with the white house on something, particularly tax increases, it will hurt...
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reid: mr. president? the presiding officer: the majority leader. mr. reid: we're going to have to decide, my friend says, how we're going to move forward on a bipartisan basis. even on the sunday shows we just completed, in the fox -- with fox network, chris wallace pushed one of the republican leaders very hard, would you filibuster something the democrats brought to the floor? he refused to answer the question. he would not say. and he kept being pressed. mr. president, we're in the same situation we have been in for a long time here. we can't -- we can't negotiate with ourselves because that's all we're doing. unless we get a signoff from the republicans in the house and the republican leader here, we can't get anything done. and so for them to talk about the bipartisan arrangement, we have -- we have done that. the president has given them one, given them two, given them three, and we can't get past grover norquist. we try hard but when there is no revenue as part of the package, it makes it really hard. john boehner could not even pass a tax propo
reid: mr. president? the presiding officer: the majority leader. mr. reid: we're going to have to decide, my friend says, how we're going to move forward on a bipartisan basis. even on the sunday shows we just completed, in the fox -- with fox network, chris wallace pushed one of the republican leaders very hard, would you filibuster something the democrats brought to the floor? he refused to answer the question. he would not say. and he kept being pressed. mr. president, we're in the same...
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Dec 29, 2012
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reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote to protect the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as those leaders allow it to come to a vote. if members of the house or senate want to vote no, they can, but we shall let everybody vote. that is the way this is supposed to work. if you can get a majority in the house and in the senate, then we should be able to pass the bill. the american people are watching what we do. their patience is already thin. this is dÉjÀ vu all over again. america wonders why it is that in this town you cannot get stuff done in an organized timetable. everything always has to wait until the last minute. we are at the last minute. the american people are not going to have any patients f
reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote to protect the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as those leaders allow...